Category Archives: Business

Stellar Performance by IFFCO in FY 2024-25, Sales of Nano Fertilizers Increased by 47%

New Delhi, 31st May, 2025: World Number 1 Cooperative, IFFCO booked a profit of INR 3,811 Crore as profit before tax for the FY 2024-25 along with 47% increase in the sales of Nano Fertilisers. This Financial year (2024-2025) 365.09 Lakh bottles of Nano-Fertilizers were sold as compared to 248.95 Lakh bottles sold in the previous financial year (2023-2024). IFFCO recorded a Turnover of INR 41,244 Crore during the FY 24-25.

Sh. Dileep Sanghani, Chairman, IFFCO during his interaction with the media said that It’s a matter of proud for the entire cooperative sector of country that the stellar growth figures of IFFCO is realising the dream of “Sahakar Se Samriddhi”. He informed that the Society has registered a profit of more than ₹3000 Crores for three consecutive financial years. He further said that for the last 23 consecutive years, IFFCO has rewarded its members with a 20% dividend on the paid-up share capital- highlighting its dedication and commitment to equitable and sustainable growth. Nano-fertilizers has been the key focus area for the society with support from the Union Ministry of Chemicals and Fertilizers, extensive awareness campaigns and research helped the society increase the acceptance of the products among the farmers.

Out of 365 Lakh bottles sold, 268 Lakh bottles of IFFCO Nano Urea Plus (Liquid) and 97 Lakh bottles of IFFCO Nano DAP (Liquid) were sold during FY 2024-25. The sales of IFFCO Nano Urea Plus (Liquid) is 31% and IFFCO Nano DAP (Liquid) is 118% higher as compared to FY 2023-24. This sale volume is equivalent to 12 lakh Metric Tonne of Conventional Urea and 4.85 Metric Tonne of conventional DAP. IFFCO’s WSF/Speciality Fertilizers/Sagarika Granule Fertilizer have achieved sales of 1.92 Lakh MT. The sale of WSF/Speciality Fertilizers is 1.30 Lakh MT which is 2% higher than last FY. Sales of Sagarika Liquid is 11.55 Lakh litre which is 33% higher, Sagarika Granule is 68,000 MT which is 28% higher and Bio-fertilizers is 8.61 Lakh Litre which is 35 higher than the last FY.

Dr. U. S. Awasthi, MD, IFFCO stated that IFFCO will be also launching Nano NPK fertilizer in Granular form for soil application in basal dose. Nano NPK fertilizer is enriched with Magnesium, Sulphur, Zinc and Copper which would help in increasing the crop productivity & would minimize nutrient losses. This along with Liquid Nano Urea Plus and Liquid Nano DAP can eliminate the use of traditional chemical fertilisers from the soil. It will further promote balanced nutrition with higher use efficiency of primary nutrients. He further said that IFFCO will be also launching Nano Zinc, Nano Copper in Liquid form in size of 100ml bottle to fulfil the micro-nutrients need. By incorporating Nanotechnology, drone technology, Al technologies, IFFCO is transforming the agriculture & food value chain across the country. In a short span of time, IFFCO’s Nano Fertiliser has gained a global recognition, with various countries such as Brazil, Kenya and The United States of America has expressed strong interest to adopt the Nanotechnology. IFFCO has expanded its presence in over 40 countries, with superlative performance and reduced fertiliser usage recorded in the USA, Brazil, Slovenia, Mauritius, Zambia, Nepal, and Bangladesh. Apart from this, Managing Director also emphasized on the need to preserve ‘Desi’ Seeds (Beej) with indigenous inventions, on the same lines IFFCO has also taken an initiative to build a state-of-the-art Seed Innovation Centre at Kalol Unit.

IFFCO honoured two eminent cooperators with ‘IFFCO Sahakarita Ratna Award’ and ‘IFFCO Sahakarita Bandhu Award’ for the year 2023-24. Shri Mansinhbhai Kalyanjibhai Patel is bestowed with ‘IFFCO Sahakarita Ratna Award’. Shri Patel belongs to Gujarat State, and he has worked at ground level among cooperatives to make cooperative movement strong with his countless and persistent efforts. He is also the founder of Shree Mahuva Pradesh Sahakari Khand Udyog Mandali Ltd. in Gujarat. Shri Amrik Singh a familiar face of cooperative in Haryana State has been honoured with ‘IFFCO Sahakarita Bandhu Award’ for the year 2023-24, Shri Amrik Singh has also worked at grassroot level to strengthen the cooperative networks across the Haryana and in many northern states of India. He has also been honoured by the Haryana Government in past for his exemplary services in Agriculture Sector.

During the FY 2024-25, IFFCO also initiated a nationwide “Model Nano Village/ Clusters Project” from 1st July 2024, selecting 203 village clusters spanning 2000 acres each as pioneers in the adoption of Nano fertilisers for reducing the use of bulk fertilisers with an increase in crop productivity & quality. More than 90,000 farmers have been registered in the Nano Village Portal covering 5 lakh acres, with 40,000 farmers purchasing over 5.30 Lakh bottles of IFFCO Nano Fertilisers and Sagarika and 72,000 acres sprayed by Agri Drones. This project led to a 28.73% reduction in chemical fertiliser use and a 5.8% increase in crop yield. Further, IFFCO is exploring options to use the data on chemical fertilisers reduction for the Carbon Credit Project for certification of GHG emission reduction through use of Nano Fertilisers by reducing use of chemical fertilisers.

In FY 2024–25, an “Agro Climatic Zone wise Nano Fertiliser Trials” were also conducted under the guidance of the Department of Fertilizers (DOF), Ministry of Chemicals and Fertilizers, Government of India, under Mega Campaign. IFFCO undertook 1,470 two-plot demonstrations (200 for Nano Urea Plus and 1,270 for Nano DAP) across 15 Agro Climatic Zones in India. These trials recorded average yield increases of 5.27% for Nano DAP and 5.28% for Nano Urea over traditional practices

IFFCO distributed over 2.5 lakh sprayers and introduced “IFFCO Kisan Drone” to provide Agri Drones for spraying IFFCO Nano Urea & Nano DAP to the farmers. IFFCO procured 1764 Drones along with Electric Three Wheelers (EVs) to facilitate application of IFFCO Nano Urea & Nano DAP (Liquid) and provided training to rural entrepreneurs to offer spray services to the farmers.

IFFCO is ranked World’s No.1 Cooperative (with respect to ratio towards contribution to GDP) according to World Cooperative Monitor (WCM) Report published by EURCISE and International Cooperative Alliance (ICA), the premier International cooperative body. IFFCO has a pan-India presence, supported by a vast network of over 35,600 cooperative societies as its members. With more than 500 field offices spread across 21 states, IFFCO serves and supports over 5 crore farmers across the country. The organization also has a strong global footprint with presence in 4 countries. IFFCO have in total 10 manufacturing units.

It is a matter of pride for the cooperatives as, Dr. Udai Shanker Awasthi, MD, IFFCO was bestowed with ‘Rochdale Pioneers Award’ 2024 during ICA 2024 Conference last year in New Delhi. Dr. Awasthi was also honoured with title of ‘Fertiliser Man of India’ during 8th National Conference of Sahkar Bharati for his lifetime remarkable contribution in the field of Fertiliser and Agriculture of Country.

PHDCCI highly appreciates strong GDP growth of 7.4% reinforcing India’s position as a fast-growing major economy

India’s economy has maintained a steady growth trajectory, with Real GDP expanding by 6.5% in FY 2024–25. In nominal terms, GDP grew by 9.8% highlighting India’s position as one of the fastest-growing major economies globally said Mr. Hemant Jain, President, PHDCCI, in a press statement issued here today.

The growth was largely driven by healthy growth in private consumption, and capital formation. The Private Final Consumption Expenditure (PFCE) increased by 7.2%, while Gross Fixed Capital Formation (GFCF) rose by 7.1% in Q4FY2025, reflecting investment-led momentum said Mr. Jain.

GVA growth in Q4 was led by 10.8% growth in construction sector followed by public administration and defence-related services at 8.7%. Sectorial trends show that construction emerged as the fastest-growing sector for the full fiscal year (FY2025) at 9.4%, followed by public administration and defence-related services at 8.9% and financial, real estate, and professional services at 7.2%, he said.

Per capita GDP in real terms increased by 5.5%, reaching ₹1.33 lakh, while per capita Gross National Income stood at ₹1.31 lakh, marking a 5.4% rise. These gains suggest broad-based improvements in economic well-being, he said.

Going forward we anticipate stronger GDP growth aided by improved agricultural output, sustained infrastructure activity, and strong domestic consumption. Continued government focus on public investment and structural reforms, are expected to catapult India’s growth momentum in FY2026, he said.

EFC India posts 71.7% jump in consolidated PAT at Rs 47.97 crore in Q4FY25 backed by a strong demand and higher rental incomes

Pune, May 30, 2025: Integrated office infrastructure and design company, EFC (I) Limited, posted 71.7 per cent growth in net profit on a consolidated basis at Rs 47.97 crore for the fourth quarter ended March 31, 2025, as against Rs 27.94 crore same period last year on the back of a strong demand for managed services and design and build services.

Revenue from operations on a consolidated basis increased by 126.4 per cent at Rs 211.01 crore during the quarter under review, as compared with Rs 93.2 crore last year.

EBITDA during the quarter under consideration increased by 108.9 per cent at Rs 109.31 crore as against Rs 52.31 crore last year.

For the year ended March 31, 2025, the company’s consolidated net profit increased by 122.4 per cent at Rs 140.77 crore as compared with Rs 63.3 crore in 2023-24. Consolidated revenue from operations grew by 56.6 per cent at Rs 656.74 crore as against Rs 419.46 crore last year.

Commenting on the results, Umesh Sahay, Founder & CEO, EFC (I) Limited, said, ““We are pleased to close FY25 with a strong set of results, which is a reflection of the strong underlying demand for our managed services and Design & Build services offerings. Moreover, our integrated business model positions us well for the future. The robust profitability also underscores the strength of our business model which will improve as we scale operations beyond the current level. The year gone by (FY25) was a year of significant milestones for the company. During the year, we closed the strategic acquisition of Bigbox Ventures, a managed workspace company in Pune. We also acquired properties in some of the prime locations as part of our long-term business strategies. We believe that our stellar growth in the design & build vertical bodes well for the company’s future strategic growth.”

There has been a good demand for co-working spaces from sectors such as IT& ITeS, BFSI, new-age start-ups, e-commerce, consulting and the global captive centres. With the recent capacity additions, the company is confident of catering to the growing demand. While the higher volumes will shore up its topline, the high-margin furniture and fit-out contracts business is expected to improve its profitability further moving forward.

Abans Financial Services Reports Strong FY25 Results

Mumbai, 30-05-2025 – Abans Financial Services Limited (AFSL) announced its audited financial results for the year ended March 31, 2025, underscoring its sharp focus on building a fee-led, globally integrated financial services platform. The company delivered strong performance across key metrics, driven by its asset management and agency businesses.

Strategic Shift Toward Scalable Fee Income

AFSL’s results reflect a business evolving in the right direction—with sustainability at the core. The agency business, comprising fund advisory, portfolio services, and brokerage, has become the backbone of AFSL’s profitability engine. In FY25, this segment contributed nearly 70% of total EBIT, continuing its steady climb from 25.1% in FY23.

“This upward trend in fee income reflects our intent to build a business that is not just growing—but growing right,” said Mr. Nirbhay Vassa, Executive Director & Group CFO. “As the mix of revenue shifts toward more annuity-led income, the quality of earnings improves, making us more predictable, scalable, and globally relevant.”

Global Asset Management Growth

With total Assets Under Management at ₹3,210 Cr, AFSL is reinforcing its stature as a rising global asset manager. The flagship Global Arbitrage Fund (GAF) has become a cornerstone of this growth, now managing over ₹831 Cr. The fund continues to draw strong interest from international investors looking for consistent, risk-adjusted returns across asset classes and geographies.

Well-Positioned for FY26 and Beyond

AFSL enters FY26 with a clear ambition:

 To scale as a global financial services platform, built on  fee-based income,  strategic distribution, and  world-class asset management practices.

Quote from Abhishek Bansal (Promoter and Chairman)

“At Abans, we’ve always believed that in the world of finance, trust is the only lasting currency. Everything else—capital, risk, opportunity—flows around it. FY25 has reaffirmed this belief. As we scaled up operations, attracted new capital, and grew our global investor base, what stood out most was the trust placed in us—by partners, clients, and teams across geographies.

This was a year of transformation. We crossed ₹3,200 Cr in assets under management, witnessed a structural shift in our earnings mix—with nearly 70% of our EBIT now driven by fee-based income, and mobilized over ₹1,000 Cr through our distribution networks. These are not just numbers—they represent a business model that is becoming more stable, predictable, and globally respected.

But what gives me greater confidence is how we’ve achieved this growth—without over-leveraging, without compromising our risk framework, and without deviating from our long-term strategy. We have stayed true to our core: building a financial services platform that is capital-light, globally scalable, and rooted in governance.

FY25 was about proving the strength of our foundation. FY26 will be about building on it—with conviction, with discipline, and most importantly, with trust at the centre of everything we do.”

Manappuram MD V.P. Nandakumar Wins CSR Leadership Award at India Philanthropy Summit 2025

Valapad, Thrissur, Mr V.P. Nandakumar, Managing Director & Chief Executive Officer of Manappuram Finance Ltd, has been awarded the prestigious 2025 EdelGive Hurun India – Exemplary Leadership in Corporate Social Responsibility Award at the India Philanthropy Summit and Awards 2025 in Mumbai on Thursday evening.

 The award was presented to Mr Nandakumar by Ms Naghma Mulla, Chief Executive Officer of the EdelGive Foundation, and Mr Anas Rahman Junaid, Founder of Hurun India. The awards ceremony recognised and celebrated leaders of organisations across the country whose philanthropic efforts have positively impacted the lives of millions.

  “It is a profound honour to receive this prestigious award. I am truly humbled by this recognition of Manappuram Foundation’s philanthropic efforts. We have always believed that making a difference in even one person’s life is a success in itself. Thank you for your unwavering trust and support,” said Mr Nandakumar upon receiving the award.

 Other distinguished recipients at the ceremony included Ms Shallu Jindal of the Jindal Foundation and Ms Zarina Screwvala of the Swades Foundation.

Pioneering Corporate Social Responsibility
Manappuram Finance Ltd, through its CSR arm, the Manappuram Foundation, has been conducting groundbreaking philanthropic work. Long before CSR became a statutory obligation in India, Manappuram Finance Ltd was already making notable contributions to society. To streamline and expand these efforts, the Manappuram Foundation was established in 2009 as a charitable trust under the dynamic leadership of Mr Nandakumar, who also serves as its Chief Patron and Managing Trustee. The Foundation operates under a clear and compassionate vision: “To build healthy, educated, and happy communities.”

Key Initiatives and Impact
Since its establishment, the Manappuram Foundation has undertaken an extensive range of community welfare programmes, with particular emphasis on health and education for economically and socially disadvantaged communities.

 One of the Foundation’s pioneering initiatives was the Janaraksha Manappuram Free Health Insurance Scheme, launched in 2010. This flagship project provided complimentary health insurance to approximately 20,000 Below Poverty Line (BPL) families in the coastal regions of Thrissur. Over its seven-year duration, the scheme reimbursed nearly ₹11 crores in medical expenses, covering a comprehensive range of treatments with no age restrictions. Notably, this innovative model predated the Government of India’s national health insurance programme, Ayushman Bharat, which was launched in 2018.

Hitesh Mandot joins the leadership team at Raadhi Advisors as Managing Director

National, May, 2025: Raadhi Advisors announces that Hitesh Mandot has joined the Leadership Team at Raadhi Advisors as Managing Director effective 29 May 2025.

Hitesh is a seasoned investment banker with over 25 years of experience executing more than 150 capital markets and corporate advisory transactions. He has held senior leadership positions at leading financial institutions — ICICI Securities, Edelweiss, Axis Capital, Enam Securities, and UTI Securities. Prior to joining Raadhi, he served as Managing Director – Corporate Finance at InCred Capital.

As a left lead banker, he has led over 100 IPO transactions and is recognized in the investment banking industry for his expertise in navigating complex and regulatory challenging transactions.

Hitesh has successfully executed several category-defining transactions on Indian stock exchanges, including the first aerospace & defence PSU IPO (Hindustan Aeronautics Ltd.), the first communication equipment IPO (Tejas Networks), first Small Finance Bank & professionally managed IPO (Equitas), first power exchange IPO (IEX) and the largest manpower employment company IPO (Quess Corp). Some of his other marquee clients include Reliance, Adani, L&T, Aditya Birla Group, Bharti Airtel, etc.

Raadhi Advisors is a specialised capital markets advisory firm that assists companies in their strategic pursuits, including Initial Public Offerings (IPOs). Founded in 2021 by Sumith Kamath along with Anil Bhatta and Mahesh Hegde, the firm has established itself as a trusted partner for companies navigating complex IPO projects.

Over the past four years, Raadhi Advisors has emerged as the go-to transaction advisors for large IPOs on the main board, successfully working with both cutting-edge technology companies and established traditional Indian businesses. This diverse portfolio demonstrates the firm’s adaptability and deep understanding of various industry sectors.

The firm eagerly anticipates the fresh perspectives, deep expertise, and extensive experience that Hitesh will bring to the team. His contributions will prove invaluable in our ongoing quest to deliver unparalleled value to our clients and strengthen our position as a leading capital markets advisory firm.

HCLTech among Asia’s Most Honored in Extel’s 2025 Executive Team rankings

NEW YORK and NOIDA, India, May 30, 2025 – HCLTech, a leading global technology company, has been named among the Most Honored Companies in Extel’s 2025 Asia (ex-Japan/ANZ) Executive Team – Rest of Asia rankings for excellence in corporate leadership, investor relations and ESG performance.

For the second year running, HCLTech was the most decorated India-headquartered IT services company in the survey. It achieved 17 Top 3 rankings (across Overall, Buy-Side and Sell-Side categories) in the Technology IT Services and Software sector, out of which 9 were #1 rankings.

• Best CEO – C Vijayakumar ranked #1 in Sell-Side and #2 Overall
• Best CFO – Shiv Walia ranked #1 across Buy-Side, Sell-Side and Overall
• Best IR Team – HCLTech ranked #1 Buy-Side and Overall
• Best IR Professional – Nitin Mohta ranked #1 across Buy-Side, Sell-Side and Overall
• Overall ESG – Ranked #2 Overall

Shiv Walia, Chief Financial Officer, HCLTech, said, “We are delighted to receive this recognition yet again. It reflects our commitment to creating long-term value for our shareholders through disciplined execution, innovation-led growth and a strong strategic vision for the future.”

The Extel, formerly Institutional Investor Research (II Research), Executive Team rankings are widely regarded as the benchmark for excellence in investor relations and corporate governance across Asia. The 2025 rankings are based on feedback from 5,437 buy-side professionals with an estimated $2 trillion in Asia (ex-Japan) equities and 867 sell-side analysts, who evaluated companies on attributes such as financial disclosure, executive accessibility, ESG strategy and IR team credibility.

Le Gourmet at The Chanakya Welcomes Summer with a Fresh Seasonal Menu

As temperatures rise, Le Gourmet at The Chanakya presents a summer menu of cooling flavours and wholesome indulgences—perfect for sunny days. Thoughtfully curated to offer both nourishment and delight, these specials bring together the freshest ingredients, elevated flavours, and wellness-forward recipes in a lineup that’s as vibrant as the season itself.

 At the heart of the new offering is kombucha on tap—lightly fizzy, refreshingly tangy, and rich in probiotics to support gut health. Crafted in small batches and served fresh, this is the drink of the season: energising, effervescent, and perfect for warm Delhi afternoons. Alongside it, guests can discover a curated selection of summer-inspired sips including Pink Oasis and Passion Fruit Lemonade—drinks that are bursting with tropical flavour and designed to hydrate and revive. Those seeking something more nostalgic can indulge in the live-pressed sugarcane juice, served chilled and fresh, offering an authentic taste of summer memories. Smoothie lovers can savour our new range of guilt-free blends made with real fruit and nourishing ingredients—think mango, avocado, and mixed berries—ideal for everything from a light breakfast to a midday treat.

 The summer menu extends to salads and sweet bowls that are bold in flavour and beautifully balanced. The Mango Avocado Salad is a highlight—pairing buttery avocados with ripe, sun-kissed mangoes, brought together with a subtle kick of mustard for an unexpected umami twist. It’s a dish that is light yet satisfying, familiar yet elevated. Complementing this is the Melon Parfait, a low-calorie fruit-forward dessert that’s as visually appealing as it is refreshing, and the Berry Melon Bowl—a wholesome sweet treat perfect for breakfast or to curb an afternoon craving. Finally, the Mango Medley is a creamy indulgence that celebrates the king of fruits in all its nostalgic glory, transporting you back to long, languid summers with every bite.

 Available for a limited time only, this new menu is a celebration of the season—designed to be sipped, savoured, and shared. Whether you’re stopping in for a breezy brunch, a nourishing snack, or a cooling afternoon escape, Le Gourmet promises a summer experience that is elevated, effortless, and full of flavour.

Future of Pro Audio, AV, and Lighting Unfolds at PALM AV-ICN Expo 2025 Amidst India’s Booming dollar17.3B Market

Mumbai, 30th May 2025: The 23rd edition of the PALM AV-ICN Expo, organised by Informa Markets in India, commenced today at the Bombay Exhibition Centre in Mumbai. The expo, which will continue until May 31, 2025, is hailed as India’s most reputable and established trade show for professional audio, video, and entertainment lighting. It offers a vibrant setting for business, innovation, and industry change. The event showcases the tremendous growth across all sectors, with the Indian Pro AV market projected to reach USD 17.3 billion by 2031 from USD 6.5 billion in 2025, growing at a CAGR of 12%. With the LED segment showing particularly strong growth at USD 5 billion in 2024 and projected to reach USD 26.7 billion by 2033 at a CAGR of 19.35%, further highlighting the rising demand and immense potential across these interconnected sectors.

Esteemed guests and industry leaders marked their presence at the expo, including, Mr. Jaime Albros, Senior VP, Global Sales, Harman International; Mr. Amar Subash – Vice President and General Manager, Asia Pacific and India, Harman Professional Solutions; Mr. Harshal Kothari – VP West, EEMA India, Mr. Manish Mavani – Director, Sound & Light Professional (SNL Pro), NEC Member, EESA; Mr. Peter Hall, President IMEA, Informa Markets; Mr. Yogesh Mudras, Managing Director, Informa Markets in India and Mr. Anil Chopra – Founding Director, PALM Expo amongst an august gathering.

Bringing together over 300 exhibitors and 1000+ leading brands, the PALM AV-ICN Expo 2025 is set to propel India’s transformation into a global center for the production and integration of lighting, AV, and pro audio technologies. With a legacy of 23 years, the show continues to serve as a vital source and networking destination for over 25,000 professionals, system integrators, and decision-makers. This edition features three days of high-impact conferences, hosting over 80+ thought leaders across both PALM and AV-ICN platforms. With 50+ speakers on PALM tracks and 30+ speakers at AV-ICN, discussions will spotlight future technologies, best practices, and emerging market trends in AV integration, sound, lighting, and event production.

Speaking on the occasion, Mr. Yogesh Mudras, Managing Director, Informa Markets in India, said “India’s professional audio, AV, and lighting industries are going through a transformative phase, driven by a growing demand for immersive experiences and the country’s commitment to smart and sustainable infrastructure. Strategic programs like the Smart Cities Mission, Production Linked Incentive (PLI) scheme, and various urban renewal initiatives are propelling the adoption of advanced lighting and integration technologies across sectors. As India moves towards becoming a $5 trillion economy, the rising urban population and expanding entertainment, hospitality, and live event ecosystems present immense opportunities for growth. The 23rd edition of PALM AV-ICN Expo stands as a definitive platform that connects global innovation with domestic ambition, facilitating business, knowledge exchange, and the evolution of a truly world-class industry landscape”.

Mr. Anil Chopra – Founding Director, PALM Expo, said “With over 300 exhibitors participating across the lighting, pro audio, and AV technology sectors — and pro audio standing out as the largest — the PALM AV-ICN Expo showcases the immense growth potential of India’s professional entertainment technology industry. We are at a transformative juncture where the integration of IT, AI, and broadband is revolutionizing product development across these domains. India is strategically positioned to lead this evolution, not just through innovation but through large-scale manufacturing — a key focus of the government’s industrial agenda. Recent reforms in the MSME sector, particularly the redefinition of size thresholds, have enabled numerous AV rental companies to access institutional funding under the CGTMSC scheme. This has significantly boosted investment in advanced equipment and infrastructure. While we remain reliant on imported components for now and exports are still at a nascent stage, the strength and scale of India’s domestic demand are driving rapid expansion. India is well on its way to becoming a global hub for the manufacturing and export of professional audio, lighting, and AV solutions.”

Premium global brands including HARMAN (JBL, Martin), YAMAHA, Sennheiser, Shure, DiGiCo, Adamson, RCF, Epson, Ahuja, L-Acoustics, Robe, Osram, Clay Paky, Avid, and d&b audiotechnik are exhibiting state-of-the-art advancements in pro audio equipment, lighting technology, and AV integration.

Attendees at PALM AV-ICN Expo 2025 can look forward to a wide range of interactive and educational features. From the advanced Demo Qubes showcasing live product demonstrations to hands-on learning opportunities at the PALM EESA Rigging & Trussing Workshop and PALM Lighting Design Showcase curated by Star Dimensions, the show floor is designed to engage and inform. The expo also offers CAVS (Certified AV Specialist) Training, a focused 3-day upskilling program, and enthralling visual experiences such as Immersive Mapping and the dynamic HARMAN Live Arena. Another major highlight of the entire show is Live Sonic Arena powered by Beta Three, showcasing exceptional sound demonstrations. The AV-ICN Excellence Awards 2025 will celebrate industry trailblazers, recognising outstanding contributions by professionals and organisations shaping India’s AV landscape.

With support from associations like Association of System Integrators and Retailers in Technology (ASIRT), Electronic Security Association of India (ESAI), All India Electronics Association (AIEA), Event Equipment Services Association (EESA), Audio Engineering Society (AES), Professional Audio and Lighting Association (PALA), (Cine Audiographers Association of Kerala) (CAAK), All Delhi Sound & Light Association (ADSLA), Event and Entertainment Management Association (EEMA), Rajasthan Sound Owners Association (RSA), and Bhagirath Palace Electronics Traders Association (BETA), the expo showcases a powerful and cohesive voice for India’s pro-AV and entertainment sector.

India’s rapidly urbanising population—expected to exceed 600 million by 2030—is reshaping demand for smart, immersive, and integrated AV solutions across sectors. The entertainment and OTT boom, growth in premium real estate, and a thriving event and hospitality industry have created fertile ground for the adoption of advanced audio, video, and lighting technologies. Moreover, the infusion of AI into AV workflows—powering automation, personalised content, and predictive maintenance—is transforming how experiences are delivered. As digital-first consumption deepens and user expectations evolve, the PALM AV-ICN Expo emerges as a critical convergence point, showcasing how technology, creativity, and infrastructure are aligning to meet the needs of a new India.

Motherson Celebrates 50 Years with Record Rs1.13 Lakh Cr Sales, Up 15% in FY25

Mumbai, (30th May 2025) – Samvardhana Motherson International Limited (SAMIL) today announced its financial results for the fiscal year 2024-25, which ended on 31st March 2025.

Commenting on the results, Mr. Vivek Chaand Sehgal, Chairman, Motherson, said,

“Our performance demonstrates the resilience and adaptability of our business. Leveraging our strong engineering and manufacturing expertise, we are well-equipped to meet our customers’ needs, positioning us for long-term sustainable growth. Our booked business value of USD 88+ billion, which also encompasses non-automotive businesses, sets a strong foundation for a bright future. The Board congratulated the Motherson Team for an exceptional performance over the five-year period despite numerous challenges in a volatile world. The Company managed to achieve the highest ever sales outpacing the automotive industry by building several new facilities, integrating record number of acquisitions (23), entering new industries successfully, all while exceeding customer expectations on quality (receiving multiple awards globally); yet retaining focus on free cash flow and bringing the leverage ratio to the lowest level in the five year period.

As we commemorate the 50th anniversary of Motherson, we are grateful for the trust and confidence our customers and shareholders have placed in us; we also express our sincere appreciation to our over 200,000 strong Motherson family members for their efforts, dedication and exceptional hard work.”

Key Highlights

• Outpacing the industry by ~15%, supported by content growth and M&As.
• 17.2% ROCE at a consolidated level, Improvements in ROCE despite expansions, M&A payouts  and industry headwinds
• Net Debt to EBITDA 0.9x, Comfortable leverage position, working capital still remains an opportunity, normalisation to aid further

deleveraging

• Capex for the year at Rs 4,433 crores, spent calibrated as per market dynamics without compromising on growth-related spends
• 14 Greenfields under various stages of completion, 9 Greenfields to come onstream during FY26
• Strong booked business value is of USD 88+ billion, Significant traction in non-automotive businesses
• Diversification strategy, and globally local business model auguring well, growth across auto and non-auto businesses
• Majority of the impact from trade barriers is mitigated by being US MCA compliant, Positive discussions with customers for pass-through of tariff-related charges

Samvardhana Motherson International Limited (SAMIL)

Samvardhana Motherson International Limited (SAMIL) is one of the world’s leading specialised automotive component manufacturing companies for OEMs. The company, formerly known as Motherson Sumi Systems Limited, was established in 1986 as a joint venture between Motherson and Sumitomo Wiring Systems, and was listed on the BSE and NSE in India in 1993. The company is focused, dynamic, and progressive, providing customers with innovative and value-added products, services, and solutions. With a diverse global customer base that includes nearly all leading automobile manufacturers worldwide, the company supports its customers from over 400 facilities across 44 countries on n five continents. The company has diversified to support customers in non-automotive businesses, including technology and industrial solutions, health & medical, aerospace and logistics. SAMIL is currently the largest auto ancillary in India and is ranked among the top 15 automotive suppliers worldwide. The company was selected as one of the Best Companies for 2024 by TIME.